They always report afterwards
Only if they feel like it. If an unregistered stock doesn't want to reconcile PRs with an OTC filing, it doesn't have to do so.
I followed an unregistered microcrap oil scam where they bought a subsidiary. It was good for 4 pump PRs. Then 6 months later they filed their OTC annual, and no mention of the subsidiary. As though it had never happened.
BAYP seems to be playing the game of make an oil well acquisition, issue a PR or 2 about it, and then sort of forgetting about mentioning it again. It will never be discussed in a OTC filing. On deck is the Shameberg scam. Where everything pertaining to the JV will be said to be a super secret. It's going to take one hell of a paid promo to get the PPS churning. Can Porter afford it?